GeneralBreaking NewsBreakingLatest News
Asian Games Gold Medalist Sarita Gayakwad Scammed of Rs 69 Lakh
Sentiment: NegativeHigh Priority
What Happened?
Sarita Gayakwad, an Asian Games gold medalist, was allegedly scammed of Rs 69.10 lakh by a businessman promising high returns on an investment in a sand business.
Key points
- Sarita Gayakwad invested Rs 69.10 lakh in a sand business in Gujarat.
- The accused, Nitin Bharti, promised a monthly return of 4% and to return the principal after one year.
- Bharti has allegedly failed to honor his commitments and is currently absconding.
- An FIR was filed against Bharti at the Ahwa police station on October 29.
- Gayakwad was introduced to Bharti through a mutual acquaintance in 2024.
- The case is registered under Sections 316(5) and 318(4) of the Bharatiya Nyaya Sanhita.
Key insights
- The scam could lead to increased scrutiny of investment opportunities presented to athletes.
- Athletes may need better financial education to avoid similar scams in the future.
- This case may prompt law enforcement to enhance efforts against investment fraud targeting vulnerable individuals.
Why it matters
This incident highlights the risks athletes face when investing their earnings.
Entities
Sarita Gayakwad· PersonNitin Bharti· PersonGujarat· StateAhwa· CityAsian Games· Event
Source
India Today
